Avalanche (AVAX/USD) Market Eyes Bullish Breakout Amid Renewed Accumulation Momentum
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Avalanche Price Prediction – June 10
Avalanche market eyes bullish breakout amid renewed accumulation momentum. The AVAXUSD pair is showing bullish signals supported by technical indicators. The 9-day Simple Moving Average (SMA) at $20.680 is currently acting as dynamic support, with the price trading above it. Additionally, the Stochastic Oscillator is showing a bullish crossover above the 50 level, with the %K line at 53.96 and the %D line at 52.61. This crossover within the mid-zone typically indicates potential upward movement as buying pressure builds.
AVAX/USD Market Key Levels
Resistance: $26.550, $33.020, $45.050
Support: $19.070, $17.280, $12.500
AVAX/USD – Daily Chart
The daily chart for AVAXUSD shows an impending resumption of the bullish trend as price rebounds at sell-side liquidity.
AVAXUSD recently formed a significant higher low at around $18.000, confirming bullish structure following the earlier Change of Character (CHoCH) and sweep of the Sell Side Liquidity (SSL). The pair is now trading around $21.630, with a descending trendline being tested.
A breakout above the trendline would likely validate further bullish continuation. This structure indicates accumulation, with bulls gradually gaining control over price direction.
What is the projection for AVAXUSD market?
Looking ahead, the projected path suggests a short-term pullback into the $20.560 bullish order block, followed by a breakout above the trendline. Once this resistance is breached, the next major target lies at $26.550, with further potential to reach $33.020. The bullish outlook remains valid as long as price sustains above the $19.070 support zone.
AVAX/BTC Price Analysis
AVAXBTC remains in a clear bearish trend, with lower highs and lower lows evident on the daily chart. Price is currently approaching a bearish order block (OB) near the 0.0002006 resistance level, which could serve as a supply zone.
The recent Change of Character (CHoCH) failed to generate significant bullish momentum, suggesting continued weakness. Stochastic is still below mid-levels, hinting at limited upside potential and possible further downside towards the 0.00017040–0.0001310 support zone.
Avalanche (AVAX) Current Statistics
The current price: $21.630
Market Capitalisation: $9,290,000,000
Trading Volume: $498,730,000
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